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General

ConnecT subscribes to 29.9% of Cellnex capital hike

Wednesday 13 March 2019 | 09:09 CET | News
The ConnecT investment vehicle backed by the Edizione holding of Italy's Benetton family (60%) and the sovereign funds of Singapore (20%) and Abu Dhabi (20%) has confirmed that it's backing Cellnex's EUR 1.198 billion capital increase by subscribing a total of 20,052,791 million new shares, equivalent to 29.9 percent of the total. The Spanish operator last month announced that it intends to issue 66.9 million new shares, equivalent to 28.91 percent of its current total, at EUR 17.89 per share to strengthen the group's resources and fund its further expansion.

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Categories: General
Companies: Cellnex
Countries: Spain
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